A voluntary winding up is the procedure used to wind up a solvent guernsey company under the companies guernsey law, 2008 the law. In section 972, for paragraph b substitute the following paragraph b confirmation from her majestys procureur and the administrator of income tax that they have no objection to the removal of the company from the register. Standard articles the standard articles prescribed pursuant to section 162 of the law shall be excluded in their entirety. The companies guernsey law, 2008 is amended as follows. The companies guernsey law, 2008 requires that a company holds an annual general meeting unless the company is exempt under section 200 and 201of the law. Companies law means the companies guernsey law, 2008 as from time to time amended, supplemented, consolidate or replaced and all ordinances and regulations made thereunder. On 1 july 2008, guernsey s new companies law, the companies guernsey law 2008 the law came into force. One of the many developments introduced by the 2008 law was a complete overhaul of the rules governing the declaration of dividends and the making of distributions. The company is limited by shares within the meaning of section 22ai of the company laws. The companies guernsey law, 2008, as amended company limited by shares articles of incorporation of the channel islands securities exchange limited 1. The companies guernsey law, 2008 as amended noncellular company limited by shares articles of incorporation of pyne gould corporation limited 1.
Registration of nonregulated financial services businesses bailiwick of guernsey law 2008 schedule 1 amendment regulations, 20. This briefing summarises the major changes to this area of law and outlines important administrative steps which need to be taken by company administrators and. The liability of the shareholders is limited to the amount if any for the time being unpaid on the. Ordinance, 2014 and companies guernsey law, 2008 amendment ordinance, 2015. The company is a noncellular company within the meaning of section 21c of the. Last week, the states of guernsey approved amendments to the companies guernsey law 2008 that will modernise the corporate insolvency regime in guernsey.
Insolvency update to the companies guernsey law 2008. Dematerialised instruction an instruction sent or received by means an uncertificated s ystem. The companies guernsey law 2008, as amendedi company limited by shares memorandum of incorporationii of tetragon financial group limitediii 1. Companies guernsey law, 2008 consolidated text guernsey. The objects for which the company is established are. The company shall have the power by special resolution to make provision in this. The liability of each member of the company is limited to the amount, if any, unpaid on the shares held by him. Member in relation to shares means the person whose name is entered in the register as the holder of the shares and. This briefing summarises the major changes to this area of law and outlines important administrative steps which need to be taken by company administrators and directors in all sectors.
Company name 1 a company shall have the following word or words at the end. The amendments will affect the liquidations and administrations of companies. Companies law the companies guernsey law, 2008 as amended. The company is limited by shares within the meaning of section 22ai of the law. The authoritative text of the enactment and of the amending instruments may be obtained from her majestys greffier, royal court house, guernsey, gy1 2pb. On 30 may 2012, the commerce and employment department released revised proposals to amend the companies guernsey law, 2008 for consultation in a document entitled the companies guernsey law. Page 3 introduction on the 1 st july 2008 a new consolidated companies guernsey law, 2008 the law came into force. Provisions which may be displaced or supplemented by contrary provisions in a company s memorandum or articles of incorporation. The name of the company is tetragon financial group limitediv. Company icglongbow senior secured uk property debt investments limited. Registration of nonregulated financial services businesses bailiwick of guernsey law, 2008 schedule 1 amendment regulations, 2010. Managing director the managing director of the company appointed pursuant to article 32. The companies guernsey law, 2008 as amended noncellular company limited by shares articles of incorporation of eurocastle investment limited registered this 8 th day of august 2003 new articles of incorporation adopted by special resolution dated 18 may 2016. A police officer within the meaning of the companies guernsey law 2008.
The registration of nonregulated financial services. The name of the company is alpha real trust limited. Guernsey proposedchangestothecompanies guernsey law, 2008 introduction toensurethatthecompanies guernsey law, 2008 the law keepspacewiththeneedsoflocalbusinessandto. The companies guernsey law, 2008, as amended company limited by shares amended and restated articles of incorporation of pershing square holdings, ltd. An electronic version of the original enactment is available companies guernsey law, 2008. Section 200 relates to incorporated cells which are not required to hold an agm unless it is required to by its memorandum or. The companies guernsey law, 2008 amendment ordinance, 2015 detailed summary of changes. All companies registered in guernsey must abide by guernsey company law stated in the companies guernsey law 2008. This consolidated version of the enactment incorporates all amendments listed in the footnote below. The company is a noncellular company within the meaning of section 2lc of the companies. To access the consolidated version in printable format, please click. The companies guernsey law, 2008, as amended noncellular company limited by shares articles of incorporation of duke royalty limited registered on 22 february 2012, with articles of incorporation adopted by a special resolution passed.
City code has the meaning given in the companies law. Standard articles the standard articles of incorporation prescribed pursuant to section 162 of the law shall be excluded in their entirety. Page 3 the companies guernsey law, 2008 transitional provisions guidance regulation 12. The law introduced a modern company incorporation and registration system the guernsey registry replacing the role that the greffe, advocates and the court played in. Voluntary winding up under the guide companies guernsey. However, while it is believed to be accurate and up to date, it. The company is a noncellular company within the meaning of section 21c. Home laws revised edition current companies jersey law 1991. The company s registered office will be situated in guernsey. Conversion in relation to any class of c shares, conversion of that class of c shares in accordance with these articles. Consultation on potential amendments to the companies guernsey. The companies guernsey law, 2008 as amended noncellular company limited by shares articles of incorporation of alpha real trust limited registered this 15th day of may 2006 as amended by special resolutions dated 15th december 2006, 23rd may 2008, 30 november 2012 and 8 august 20. The companies guernsey law, 2008 as amended, extended or replaced and any ordinance, statutory instrument.
This briefing considers the impact of the companies law. The companies guernsey law 2008 on 1 july 2008, guernsey s new companies law, the companies guernsey law 2008 the law came into force. This guide examines the procedure for carrying out a voluntary winding up. This consolidated version of the enactment incorporates all amendments listed in the. You will find below the key extracts from the guernsey companies law along with the full act. Conversion ratio in relation to each class of c shares, a divided by b. Insurance intermediaries bailiwick of guernsey law, 2002. The registered office of the company will be situate in guernsey. Section 947 of the companies act 2006, article 7 of the companies takeovers and mergers panel jersey law 2009 and section 340f of the companies guernsey law, 2008 together the statutory provisions give the takeover panel the panel power to require documents and information. Court the royal court of guernsey sitting as an ordinary court. This memorandum has been prepared to assist our clients in connection with the provisions in the companies guernsey law, 2008 as amended most recently by the companies guernsey law, 2008 amendment ordinance 2015 the companies law which may i be. On 1 july 2008, the companies guernsey law, 2008 the companies law came into force. Companies guernsey law, 2008 as amended the company laws.
B shares to the company in accordance with the terms of this appendix. Companies guernsey law, 2008 consolidated text note. Controlling shareholder has the meaning given to it in article 49. The registration of nonregulated financial services businesses bailiwick of guernsey law, 2008 consolidated text note this consolidated version of the enactment incorporates all amendments listed in the footnote below. The aim is to increase flexibility, and reduce the cost of incorporating a company in some cases, whilst maintaining aml and cft standards, which apply to all the above. The companies guernsey law, 2008 amendment ordinance. Responses will be considered by the committee for economic. The companies guernsey law, 2008 company limited by shares articles of incorporation of john laing infrastructure fund limited adopted by special resolution passed on 26 october 2010 1 standard articles the standard articles prescribed pursuant to section 162 of the law shall be excluded in their entirety. The companies guernsey law 2008 as amended noncellular company limited by shares memorandum of incorporation of alpha real trust limited 1. Company globalworth real estate investments limited, a company registered in guernsey with registration number 56250. Walkers guernsey proposed changes to the companies. Mxc capital limited, incorporated in guernsey under registered number 58895. The companies guernsey law, 2008, as amended noncellular company limited by shares memorandum of incorporation of summit germany limited 1. Companies guernsey law, 2008 together the statutory.
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